There’s an old saying, “Don’t be a dick for a tick”
And I’m currently the dick.
I’ve been watching the Nikkei futures price on the spreadbets and it was just trading at 14470/80 having been as low as 14000. I thought I’d have a punt on a long, pure pocket money mind, nothing fancy, so I put an order in at 14450.
Now trading 14600.
More importantly than my piddling about is the fact that the futures have held their price and are pointing higher.
Obviously you can’t take today’s futures prices as a gospel guide but it means there has been no follow through (at least on futures) today.
I’m going to leave my order in anyway in case there’s some pre-market jitters but it’s going to be an exciting opening tonight that’s for sure.